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85-- 002096 Loan No.... .. 63334-1-18 4k - -- -------- -------- ADJUSTABLE RATE LOAN RIDER NOTICE: THE SECURITY INSTRUMENT SECURES A NOTE WHICH CONTAINS A PROVISION ALLOWING FOR CHANGES IN THE INTEREST RATE. IN- CREASES IN THE INTEREST RATE WILL RESULT IN HIGHER PAYMENTS. DECREASES IN THE INTEREST RATE WILL RESULT IN LOWER PAYMENTS, This Rider is made this .... 30th -day of ......... April ... .... ... .......... .... , 19.85.., and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed to Secure Debt (the "Security Instrument ") of the same date given by the undersigned (the "Borrower ") to secure Bor- wer's NN t� I rst ><ec�eral "Sav%ngs' acrid'- 6"a —'n' Association'o� LiricaTii-;-- a ...... " Uri3 'ted' "5tafes "'coYpb�at`i'6ti'" ...._.. "- - -- ............................. - .... ........._........ ......... ............................. .... e "Lender") of the same date (the "Noce ") and covering the ropert d scribed i the �� '�v ment and located at - "_.1527 Windsor Road rand �s�and, Nealthe a SOlnstru- ............. Property Address ...... .. --------- '• ------ MODIFICATIONS. In addition to the covenants and agreements made in the Security Instrument, Bor- rower and Lender further covenant and agree as follows: I. INTEREST RATE AND MONTHLY PAYMENT CHANGE DATES The Note has an "Initial Interest. Rate" of ...... 10..310 c>o i Interest rate changes ma o cur on the l�t�day of June gg 86 ist day of .. .................. .....Sme m�her �ectimbs t` ....... and onAhe ...., 19........ and on the 1st day of .. ...... ................. 19.- and on the 1st day of .._ ..............a.roh.,..._... , lg 87 and on those dates of those months in every year thereafter. Each date on which the rate of interest may change will be called a "Rate Change Date ". Changes in principal and interest payments to adjust amortization of the loan to correspond with interest rate changes shall be made on the 1st. day of date every ---- "- -- - -.... year(s) thereafter. Each date on which he principal and interest Payment may change will be called a "Payment Change Date ". 2. INTEREST RATE CHANGES (A) The Index Beginning with the first rate change date, my interest rate will be based on an index. The "Index" is the: (check one box to indicate Index) (1) C3 "Contract Interest Rate, Purchase of Previously Occupied Homes, National Averar all Major Types of Lenders" published by the Federal Home Loan Bank Board. ge fo (2) [� - Moa" t" hly- .- averag- e.- y- fald•.on..U.S. -Treasury—securities.................... ad,jus.ted-- "to.- a-.canstAnt.. maturity --..o.f...1..- year..p:u. hushed. .by... the- ..redexal- .Re_serve.. Board.... .... ...... .. ........ .........._.._..... . .......................... The most recent Index figure available as of the (late 15 days before each Rate Change 45 days before each Payment Change Date is called the `'Current Index ". €, Date and If the Index is no longer available, the Note Holder will choose a new Index which is based upon comparable information. The Note Holder will give me notice of this change. (B) Calculation of Changes Before each Rate Change Date or Payment Change Data the Note Holder will calculate my new interest rate by adding 245 . . - -. .. percentage points ( .2.450_ "�,) to the Current Index. The results of this addition will be my new interest rate until the next Ratty Change Date or Payment Change Datt�. On each Payment Change Date, the Note Holder will then determine the amount of the monthly Payment that would he sufficient to repay he unpaid principal balance of loan my I an, expected to owe on the Payment Change Date in full on the maturity date at my new interest rate in substantially equal pay - ments, The result of this calculation will be he amount of my new principal and interest payment until nay next Payment Change Date. (Check box(s) ) (1) D If this box is checked, there will be no maximum limit on changes in the interest rate up or down. The interest rate its calculated under Section 2 (11) will he the new interest rat -e. (2) iJd If this box is checked, the interest rate that 1 pay shall riot increase! rnoro than percentage points on any Payment Change Dale1,00 1, 1) i If this box is checked, the interest rate that 1 percentage 1 ► €►� .tihal! not (It>creia.�c racier ih €us . _ 'LCt(1 1x�i son any 1 aymrnt Change Date. ' (4) _ If this box its checked, the interest role that I t► €ry .'4hsall rwi incre ►rse more ihsn wra entage points on any Rate Change 1.)ate, i